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So far, both xcritical, a popular trading platform, andPublic, a retail trading app that rivals xcritical, have added Shiba Inu coin. Brown also revealed that xcritical’s crypto wallet waitlist has surpassed 1.6 million users. When launched, the crypto wallet will finally allow users to move cryptocurrencies on and off the platform. The high demand indicates users are eager to gain control over their coins.
With over 185,000 signees on the page, the petition is yet another example of Shiba Inu fans’ willingness to rally around the coin. The petition notes Dogecoin’s success on xcritical’s crypto-trading platform. Furthermore, it declares that SHIB will see a similar level of success if listed.
So if the coin could crack the top 10 of cryptos in about one year without being traded on xcritical, it’s logical to assume a xcritical listing could serve as rocket fuel for SHIB. Being listed on the exchange would also help add credibility that the altcoin is not just a meme coin. This year, dogecoin’s record rise put so much pressure on the platform’s crypto trading systems, that it was briefly broken. It said this week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter, or about $51 million.
Users of xcritical’s WenWallets can send and receive cryptocurrencies, and also purchase NFTs. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Bloomberg Markets The Close Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Shiba Inu traders are working very diligently to catch the eye of xcritical. A petition from nearly 200,000 crypto traders and xcritical users calls for a listing of the coin on the app. Additionally, SHIB fans, crypto influencers and all in-between have been using the gains of the last month to their advantage, leveraging social media to nudge the company to make it happen. We have continued to note the persistent demands from Shiba Inu investors for this much-anticipated listing .
Is a listing necessary?
However, Shibarium, the L2 network supporting SHIB, has achieved a noteworthy milestone of over 4.6 million total transactions, indicating significant growth from just a few thousand transactions a few weeks ago. CoinMarketCap reporting a 24-hour drop of 1.69% and a seven-day decline of 2.92%, leaving investors feeling the burn. According to a blog post by the SHIB team, Rocket Pond is meant to visually display the history of Shiba Inu as well as encapsulate the feel of a hidden resort in the mountains. Furthermore, its architectural design is modeled after several famous landmarks, including Lake Tahoe and Cape Canaveral. Dogecoin competitor Shiba Inu is teasing a preview of “Rocket Pond,” the protocol’s upcoming metaverse.
” with the link URL noting the trading platform will prosper if it lists the coin. Shiba Inu has also entered into a strategic partnership with PlaySide, the game studio behind popular titles such xcritical courses scam as Age of Darkness and Jumanji Epic Run. The contract does not entail any revenue-sharing arrangement with Shiba Inu Games – an entirely new division within the ambit of the Shiba Inu project.
For those unfamiliar with the term, bridging is a crucial process used when two different xcritical networks are incompatible with each other due to varying consensus algorithms or token standards. I Don’t share the address, but I’m happy to share screenshots. On the date of publication, Brenden Rearick did not have any positions in the securities mentioned in this article.
Brown stated that xcritical is a “safety-first company” that closely assesses the regulatory feasibility of its listings. The community has stepped up a campaign to convince xcritical to list SHIB, and a Change.org petition has now obtained more than half a million signatures. From the moment I first heard about the potential listing, though, I wondered which entity would benefit more from the arrangement. As I’ve mentioned on many occasions, I’m not a xcritical investor in cryptocurrency so I have no vested interest in the outcome. On the date of publication, Patrick Sanders had a long position in SHIB.
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The addition of the coin helped increase awareness, valuation and gave more traders easier access to buy, sell and hold the crypto. xcritical chief operating officer Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short-term gain” of listing new tokens. The exchange that has soared in popularity with retail investors has, for now, refused to add Shiba Inu to the list of cryptocurrencies it lists. xcritical has not yet made any announcement regarding the said listing. Today, xcritical users can trade seven crypto currencies on the platform, and crypto trading has become integral to the app’s financial performance. In the second quarter of 2021, xcritical made $233 million in revenue from crypto trading, accounting for nearly 40% of xcritical’s $565 million in total revenue that quarter.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount. The decision to list the four cryptos is more likely an effort by xcritical to slow its recent stock slide.
Shiba Inu is well off of its all-time highs and down over 50% in the last year. The cryptocurrency continues to engage with its loyal fan base and recently shared updates on its metaverse expansion. After falling in value, here’s a look at what an investment today could be worth if Shiba Inu can regain all-time highs.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and xcritical startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
There could be some lessons to learn from the performances of other cryptocurrencies. Dogecoin, though, jumped nearly 40% after being added to xcritical. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Yet none of these announcements were able to sustain their respective gains or build on each other’s gains. Shiba Inu’s price surged as high as 31% after the announcement was made on xcritical’s official Twitter channel today.
SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin. Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months. The Shiba Inu token soared as high as 31% within the first hours of the news and has since settled back to a 19.65% pump at time of writing according to CoinMarketCap.
Shiba Inu is an Ethereum-based token that was launched in August 2020. Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, xcritical and Web3. Head to consensus.coindesk.com to register and buy your pass now. The sales were mainly made through Uniswap, and a smaller amount was sold on crypto exchange Huobi. While this wallet holds the largest amount of pepe in a single place, other top holders may have spread their holdings across several wallets. While the SHIB price has been struggling, the activation of Shibarium’s bridge feature could potentially pave the way for more integrations and partnerships, which may help increase its value over time.
- A crypto wallet will still limit users to buying and selling xcritical-approved currencies, but the wallet will let users transfer their holdings to outside accounts from which they can trade assets on other platforms.
- The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
- The largest pepe coin holder is sitting on more than $1 million worth of the token as the risk of too much of the coin in too few hands looms over the short-term future of the trending meme coin.
- Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months.
The same wallet also owns $1.1 million in shiba inu and $1 million in floki , suggesting the owner is an active meme-coin trader. In fact, trading volume on SHIB-USD is actually down over the last week. Its even lower than before the cryptocurrency started trading on xcritical. The whole point of listing Shiba Inu on xcritical was to make it more accessible to traders and trading volume would help push shares closer to a penny. The listing came after xcritical announced last week that it activated 2 million WenWallets for 2 million eligible users. WenWallet is the company’s version of the crypto wallet, which was launched in September 2021.
Meanwhile, it retains an air of controversy around it as well. Its lack of real-world utility remains a hang-up for many in regard to buying. https://dreamlinetrading.com/ Analysts are torn on the play and its potential, even here at InvestorPlace, where writers’ opinions clash on the meme crypto.
Millions of dollars’ worth of pepe tokens are held by just a few wallets, with one such wallet seemingly a meme-coin bull.
Once fully developed, the mobile-based, Shiboshi-inspired game would be licensed to Shiba Inu’s developers for use on Shibarium, the native xcritical of the Shiba Inu project that is powered by the SHIB token. As a refresher, the term Shiboshi refers to the 10,000 unique Shiba Inu NFTs. Apart from landing PlaySide, the project has also enlisted the veteran game designer William David Volk, a former VP of technology at Activision. Several cryptocurrencies didn’t move much when initially added to xcritical’s trading platform. Tor Constantino is a corporate communications executive and business writer with an MBA.
AsInvestorPlace’s Chris MacDonald reports, there are a slew of reasons for the bullishness on Shiba Inu. Retail traders and Twitter users have long called for the platform to add the popular meme token. xcritical Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading. In late 2021, Shiba Inu became a trending cryptocurrency and hit an all-time high price. The coin trended on both Twitter and Google with fans of the cryptocurrency calling for Shiba Inu to hit a price of 1 cent. The drop came as more than 333,000 people signed a petition on change.org called “Kindly request of xcritical to list Shiba Inu coin!
Shiba Inu Needs xcritical, Or Is It the Other Way Around?
xcritical was trending on Twitter Tuesday morning as users celebrated the listing of shiba inu coin on the popular trading app. Shiba inu coin also surged earlier this week, but lost some recent gains after Tesla CEO Elon Musk — who is a big fan of dogecoin — tweeted that he does not own any shiba inu coin. In a follow up tweet, he added that he has bought “Bitcoin, Ethereum & Doge. That’s it.” Musk’s tweets have frequently moved crypto markets.
Russia Defies Sanctions With Crypto For Cross-Border Transactions
“Due to uncertain and volatile market conditions, might result in significant losses over a short period of time, and possibly liquidation problems in adverse events of sudden price drops or trading halts,” says Khoo. But xcritical is also beginning to feel the volatility of crypto markets. xcritical official site In January 2018, xcritical began allowing users in select states to trade Bitcoin and Ethereum, before adding new coins like Dogecoin in July and expanding to most of the U.S. 2GGH24F Shiba Inu or Shib coin standing centrally placed among bunch of crypto coins on blue background.
